In the past week, the waste management sector and CO2 & carbon capture sector did well, while the other sectors traded lower. One of the most traded stocks at the Nordic growth exchanges by the Danish investor community announced a shareholder now owns more than 90% of the outstanding shares. The shareholder is expected to make a compulsory acquisition of the remaining shares in the company. The best stock in the past week rose 23%, while the best stock year-to-date has risen 27%.

NORDIC | IMPACT Telps you to invest more sustainably in the businesses of tomorrow. We track the development of more than 100 Nordic impact companies within multiple impact sectors from small to large cap.

A RED WEEK FOR THE GREEN STOCKS

On average, the Nordic Impact stocks fell 2.9% last week. The Food & Beverages sector was the best-performing sector in the past week with a -1% return driven positively by Proximar Seafood (11%), and negatively by Agtira (-20%). Since the beginning of the year, CO2 & Carbon Capture and Waste Management are the only sectors in positive territory with a 1% return each. At the same time, the Power2X & Fuel Cells has done the worst with 7 out of 11 stocks in the sector being down double-digit percentages.

Overview of the performance of each sector the past week

TOP 10 IMPACT STOCKS OF THE WEEK

In the past week, Cortus Energy, a Swedish developer of a unique technology that turns biomass into renewable energy gas for the process and power industries, rose 23%. Sun4Energy, a seller and installer of solar cell systems and electric car chargers, rose 12%, while Proximar Seafood, a Norwegian company operating in fish farming, rose 11%. None of the companies posted any significant news.

Quantafuel, known for turning waste and other materials into synthetic fuels with more than 9,000 shareholders in Nordnet and previously being one of the most traded stocks on the Nordic growth exchanges, posted news that a shareholder now controls more than 90% of the outstanding shares. By conversion of loans outstanding under the term loan facility between the company and Planets UK, Planets UK has subscribed for another 137,154,510 shares at 4.09 NOK per share. After the subscription, Planet UK now owns 90.85% of the outstanding shares and is expected to make a compulsory offer of the remaining shares in the company (read more).

The 10 best performing stocks the past week

TOP 10 IMPACT STOCKS OF THE YEAR

SaltX Technology, a developer of large-scale energy storage solutions and electrification technology, has been the best-performing stock year-to-date with a return of 27%. The company has not posted any news in 2024, but has been on a positive trend since September 2023 – gaing some of the lost ground. Since September 2023, the company has got a grant of 20 MSEK, recieved an order of 70 MSEK, opened a research centre as well as started initial work on a pilot plant for electric cement production in India.

Top 10 best performing impact stocks of the year

Eventful 2023 for the Nordic impact stocks

The Nordic impact stocks had a difficult 2023 with share price declines across the board. Positive investments were few, but three stocks managed to deliver returns of more than 200%. Thus, 2023 was another dire year for the investors – no matter if they were investing in large caps or small caps. Things are, however, looking brighter for 2024 – both from a macroeconomy perspective and from a stock market perspective with valuations at an extremely low level.

Especially 5 stocks did very well. The best-performing delivered a more than 3x return. You can view the top 5 stocks, see how every stock in each sector performed and much more. Find it here.

All sectors year-to-date

Waste Management

The waste management sector, characterized by its essential and non-cyclical nature, often presents a stable investment opportunity with long-term potential, driven by increasing environmental awareness, regulatory demands, and the growing need for efficient waste disposal and recycling solutions. Year-to-date, ReNewCell AB, Cortus Energy AB, Cinis Fertilizer AB, Quantafuel AS, and Norditek Group AB have delivered 10%+ returns.

Overview of the return year-to-date for the stocks in the Waste Management sector

Energy Production & Storage

The Energy Production and Storage sector offers substantial investment opportunities, as it stands at the forefront of the transition towards renewable energy sources, driven by climate concerns and technological advancements. Year-to-date, only 6 stocks have delivered a positive return.

Overview of the return year-to-date for the stocks in the Energy Production & Storage sector

Energy Production Equipment & Services

The Energy Production Equipment & Services is providing technical equipment and machines to other energy-producing companies such as Ørsted. The sector is to some extent influenced by oil and gas price fluctuations and industry trends. Year to date, Ferroamp AB and Ocean Sun AS have done well with +10% returns to their shareholders.

Overview of the return year-to-date for the stocks in the Energy Production Equipment & Services sector

Power2X & Fuel Cells

The Power-to-X and Fuel Cells sector offer exciting investment opportunities in the evolving landscape of clean and sustainable energy technologies, but investors should also be mindful of the evolving regulatory and competitive landscape in this rapidly advancing field. Hynion and Everfuel have delivered a positive return year-to-date. Biokraft and Taurus Energy remain at 0%.

Overview of the return year-to-date for the stocks in the Power2X & Fuel Cells sector

Food & Beverages

The food and beverages sector is heavily driven by consumer demand and having strong brands is a major advantage. Investors should focus on considering factors such as changing consumer preferences, health and sustainability trends, and global supply chain dynamics to identify promising opportunities. Several of the fishing companies have done well year-to-date such as Nordic Aqua Partners, Proximar Seafood, Veg of Lund, and FIFAX.

Overview of the return year-to-date for the stocks in the Food & Beverages sector

CO2 & Carbon Capture

The CO2 and Carbon Capture sector presents compelling investment opportunities for companies involved in capturing and removing carbon dioxide from the atmosphere. It is a small sector consisting of only 6 stocks, with ChromoGenics AB as the best-performing year-to-date.

Overview of the return year-to-date for the stocks in the CO2 & Carbon Capture sector

Mobility

The mobility sector includes among others ride-sharing platforms and the development of electric vehicles to lower emissions and costs for consumers while increasing flexibility. Mobility is the smallest sector we track with totalling 5 stocks. GreenMobility and Donkey Republic are the only companies that have delivered a positive return year-to-date.

Overview of the return year-to-date for the stocks in the Mobility sector